Sentences with phrase «usdoe credit enhancement»

As FHFA states in its progress report, private mortgage insurance remains the primary form of credit enhancement used on mortgages sold to the GSEs with loan - to - value ratios over 80 percent, and in the first quarter of 2017 MI covered $ 48 billion of mortgages the agencies purchased.

So long as there is sufficient other credit enhancement such as subordination, mortgage insurance only affects the lower rated tranches of the RMBS, which in turn only account for a few percentage points of the value of an RMBS.

This program is ideally suited for a borrower who plans to arrange their own credit enhancement.

LENDonate also assesses nonprofit borrowers for credit enhancement opportunities that lead to reduction of credit risk and borrowing rates.

Wells Fargo is the private construction lender providing credit enhancement for the tax - exempt bonds.

With these subsidy expansions and tax credit enhancements, we can ensure that every child has access to the safe, quality care that they need, and that every parent can afford it,»

CSDC's $ 1.85 million in credit enhancements leveraged $ 15 million in private capital financing and lease commitments for 150,000 square feet of safe and affordable educational facilities.

New Vision Charter School, Loveland, CO Building Block Fund Project: A collaborative partnership between a charter school and Boys and Girls club, enabled by CSDC's credit enhancement, for new construction of a multi-million dollar, multipurpose facility.

CSDC has been the largest financial intermediary and credit enhancement provider to charter schools nationally for more than a decade.

CSDC's credit enhancements are flexible and take many forms:

With a total of $ 28.6 million in grants, CSDC is the second largest single recipient of federal credit enhancement funding.

Whether you're planning to rent, buy, renovate or construct educational facilities, CSDC offers crucial credit enhancement support through its Building Block Fund.

CSDC LAUNCHES NEW CREDIT ENHANCEMENT PROGRAM FOR INDIANAPOLIS CHARTER SCHOOLS (Hanover, MD, October, 2010) The Charter Schools Development Corporation (CSDC) has announced the creation of the Indianapolis Building Block Fund (IBBF) in partnership with the Indianapolis Mayor's Office.

Launched in 2010 in partnership with the Indianapolis Mayor's Office, this $ 2 million program offers credit enhancement solutions to help Indianapolis charter schools secure facilities upon advantageous lease and loan terms, enabling them to maximize their educational funding.

CSDC was the lead catalyst, architect and advocate for the establishment of a $ 25 million Congressional demonstration program in 2001, the forerunner to the Credit Enhancement for Charter School Facilities Program administered by the U.S. Department of Education, which has provided several hundred million dollars in grants nationally for credit enhancement and revolving loan programs operated by nonprofit organizations and state agencies.

For charter schools sponsored by the Mayor of Indianapolis, CSDC offers credit enhancements through the Indianapolis Building Block Fund.

Launched with the support of the Indianapolis Local Public Improvement Bond Bank (Bond Bank), this new $ 2 million credit enhancement program exclusively serves charter schools sponsored by the Mayor of Indianapolis.

The IBBF offers third party credit enhancements to secure charter schools» lease or loan payment obligations, providing facilities funding support to Indianapolis charter schools, either new or expanding, that are trying to do more with less.

As a 501 (c)(3) tax - exempt, nonprofit corporation and CDFI, CSDC has helped public charter schools acquire and finance facilities at the lowest possible cost, through below - market - rate credit enhancements and direct loans, as well as custom - developed lease - for - purchase facilities.

CSDC offers high performing charter schools credit enhancements to secure loans and leases through the Building Block Fund and innovative loan products through CSDC Direct.

Telesis Preparatory Academy — CDSC provided a credit enhancement to the school to enable them to expand their enrollment.

(September 1, 2015, Columbia, MD) Charter Schools Development Corporation (CSDC) is pleased to announce that it has received a $ 5 million grant under the U.S. Department of Education's (ED) Credit Enhancement for Charter Schools Facilities Program that will enable the organization to expand its lending and development capacity to multiple charter schools over a broad geographic area, with a new emphasis on serving schools located in rural communities.

In 2011, CSDC assisted the high achieving school again by providing a credit enhancement of an acquisition and construction loan from Chase Bank to enable the school to acquire the adjacent 5 acres and build a new 16,000 sq. ft. building.

CSDC provides comprehensive financial services to charter schools nationwide to help them lease or purchase facilities suited to their educational mission and student enrollment needs, through lease and loan credit enhancement and guarantees, a facilities development program, direct loans, and financial consulting and loan acquisition services.

The Credit Enhancement for Charter School Facilities Program was established in 2001 to address a critical problem faced by many charter schools — lack of suitable facilities and difficulty obtaining financing to secure suitable facilities.

Included in the Capitol Update this week: * CCSA Submits Letter to Superintendent Torlakson Regarding PCSGP Concerns * Update on Actions Taken by the State Board of Education (SBE) * SB 740 Apportionments Posted by California Department of Education * Open Application Period for the Charter Schools Facilities Credit Enhancement Grant Program * Celebrate the 20th Anniversary of Charter Schools in California!

Utilizing a $ 10 million federal enhancement grant and a $ 100,000 contribution from the Texas Education Agency (TEA), TCEP provides credit enhancement for municipal bonds that provide financing for the acquisition, construction, repair or renovation of Texas charter school facilities (including certain refinancing of facilities debt that meet federal guidelines), by funding a debt service reserve fund for such issuances.

The U.S. Department of Education (ED) announced today three grants totaling $ 11 million awarded to a nonprofit organization, a State entity, and a consortium of nonprofits that are working across the country to help charter schools obtain facilities through purchase, lease, and donation under the Credit Enhancement for Charter Schools Facilities Program (Credit Enhancement).

Today the U.S. Secretary of Education Arne Duncan announced a $ 9.98 million grant to Local Initiatives Support Corporation (LISC) as part of the U.S. Department of Education's Credit Enhancement for Charter School Facilities Grants Program.

TCSA is pleased to announce that the 2016 application for the Texas Credit Enhancement Program (TCEP) is now available through the Texas Public Finance Authority Charter School Finance Corporation.

Of particular note, AB 1198, our sponsored bill to create the California Credit Enhancement Program, was approved unanimously 39 - 0 last week on the Senate Floor.

1:05 p.m. Charter School Finance Authority, Bonding, and Credit Enhancement — Treasurer David Damschen

For more information on CCSA's Credit Enhancement from the USDOE, visit our California Charter Building Fund page.

CCSA provided an additional $ 1 million in enhancement from its USDOE Credit Enhancement Grant as necessary security.

Pursuant to the FAST Act, RRIF applicants may provide certain credit enhancements to the DOT, which the DOT will use as a basis for determining the CRP.

Neither the preliminary rating opinion letter nor the credit ratings should reflect the use of bond insurance or other credit enhancement that does not also secure the TIFIA credit instrument.

When we talk about «loan level» or «front - end» or «at origination» credit enhancement we are specifically referring to how MI is part of a low - down payment mortgage from day one.

Fitch also will require additional credit enhancement for deal structures that deduct expenses from available trust funds rather than from a mortgage pool's net weighted average coupon rate.»

«Last week, Freddie Mac rolled out a pilot program (IMAGIN) that bypasses the highly regulated and highly capitalized MI industry, and began purchasing credit enhancement from an entity that is not held to the same regulatory standards as the MI industry.

MI is credit enhancement for borrowers with a low - down payment, and it has been a sustainable component of America's housing finance system for more than 60 years.

The industry's transparent, risk - adjusted capital requirements set it apart from other forms of credit enhancement, and that stability — coupled with 60 years of experience insuring high LTV - residential mortgages — puts it in a unique position to support the expansion of homeownership.

Assured Guaranty, Ltd. is a holding company, which through its operating subsidiaries provides credit enhancement products to the public finance, structured finance and mortgage markets.

The same analysis applies to structured securities, whether the credit enhancement comes from a guarantor or a senior - subordinate structure.

Financial guaranty insurers have a primary function of credit enhancement for the corporate, municipal and consumer credit.

In order to reduce that risk, Congress required the GSEs to obtain credit enhancement on low down payment loans — most often in the form of MI — so that private capital, and not taxpayers, is first in line to pay when there is a default - related loss.

The government guaranty should be priced in a transparent manner to reflect losses and fully take into account all the risk - reducing benefits of credit enhancement.

«My plea is for us to understand the value of mortgage insurance as a credit enhancement as [a way] for getting in front of the government in terms of first - loss position so that we can have a reasonable risk on a government guarantee loan but not an unreasonable guarantee for the government.»

There should be comparable and equivalent standards for all forms of credit enhancement, including regulatory oversight, regulatory capital, reserves, and leverage and liquidity requirements.

Loan - level credit enhancement can facilitate low down payment lending to creditworthy borrowers, especially when placed on mortgage loans before they are guaranteed by the federal government.

In some cases, credit enhancements such as bond insurance or letters of credit back the securities to make them more attractive to investors.